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A Contrarian Investor s Approach To OPEC s Oil Spat

A Contrarian Investor s Approach To OPEC s Oil Spat
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Cryptocurrency: Binance In Deep Trouble

Cryptocurrency: Binance In Deep Trouble May 15, 2021 Officials who investigate money laundering and tax offenses are specifically investigating Binance, according to The Verge. Per Bloomberg, U.S. Commodity Futures Trading Commission is investigating whether or not Binance allowed for Americans to make illegal trades on the platform. The CFTC is investigating whether or not Americans were allowed to “buy derivatives linked to digital tokens,” which can only be purchased “from firms registered with the CFTC,” The Verge reports. Did Binance respond? Binance has responded to the investigation, saying it is taking the investigation seriously, according to Fox Business. “We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion,” a spokesperson for Binance said, according to Fox Business.

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